Commonwealth Equity Services LLC Reduces Stake in Fluor Corporation Amid Construction Industry Struggles

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Fluor Corporation ($NYSE:FLR), a publicly traded engineering and construction company based in Irving, Texas, has recently seen a drop in its stock prices as Commonwealth Equity Services LLC, one of Fluor’s biggest shareholders, has reduced its holdings in the company. The reduction in Commonwealth Equity Services LLC’s holdings comes amid struggles for the construction industry. This drop is one of the largest seen in any industry during the pandemic, and Fluor Corporation has not been immune to its effects. The decline of the industry has caused many investors to be wary of Fluor Corporation stock, resulting in a decrease in stock prices. Fluor Corporation is a global engineering, procurement, fabrication, construction and maintenance company that provides services to both public and private sector clients. It has a diversified portfolio of projects and services that includes energy and chemicals, mining and metals, infrastructure and advanced manufacturing.

In addition, Fluor Corporation provides specialized services such as project management, risk management and financial advisory services.

Market Price

Commonwealth Equity Services LLC recently announced they had reduced their stake in Fluor Corporation, one of the world’s largest publicly traded engineering, procurement, construction, and maintenance companies. On Monday, the stock of FLUOR CORPORATION opened at $25.9 and closed at $27.0, up by 4.6% from its prior closing price of 25.8. This uptick in stock value could indicate that investors are starting to have renewed confidence in the company’s potential to ride out the current market conditions. Although the stock price is still below pre-pandemic highs, it is still a positive sign for Fluor Corporation. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Fluor Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Fluor Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Fluor Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Fluor Corporation are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of FLUOR CORPORATION‘s wellbeing. After careful consideration of their financial and business models, we have determined them to be a medium risk investment. We detected two risk warnings in their income sheet and cashflow statement. Both could have potential implications for the company’s future performance. Our team recommends that anyone interested in investing in this company registers with us to take a closer look at these warnings. At GoodWhale, we are committed to helping our users make informed decisions about their investments. We strongly believe that conducting research is essential for financial success, and we are happy to provide the information and tools necessary for doing so. More…

Peers

It is one of the largest engineering and construction companies in the world and competes with other major companies such as KBR Inc, Resource Development Group Ltd, and Jacobs Solutions Inc. These companies all provide similar services to Fluor Corp and often compete for the same projects.

– KBR Inc ($NYSE:KBR)

KBR Inc is a publicly traded engineering, construction, and services company based in Houston, Texas. It has been expanding its global presence and providing innovative solutions to clients around the world since the early 1900s. As of 2022, KBR Inc has a market cap of 7.01B and a Return on Equity of 14.53%. The company’s market cap is indicative of its financial strength and ability to generate returns for its shareholders. Its Return on Equity is an indication of the company’s ability to generate profits for shareholders relative to the amount of money invested by them. KBR Inc has a long history of providing high quality services to its customers and creating value for its shareholders.

– Resource Development Group Ltd ($ASX:RDG)

Resource Development Group Ltd is a diversified resources company with interests in the exploration and development of minerals, oil and gas, and other natural resources. The company has a market capitalisation of 155.8M as of 2022, making it a mid-sized player in the resources sector. Resource Development Group Ltd also has an impressive Return on Equity (ROE) of 3.69%, which is higher than the industry average and indicative of the company’s strong financial performance over the past few years.

– Jacobs Solutions Inc ($NYSE:J)

Jacobs Solutions Inc is a leading global provider of technology, engineering, and management solutions. The company has a market cap of 15.01 billion as of 2022, which is an indicator of its strong financial standing in the industry. Jacobs Solutions Inc is also performing well financially, as demonstrated by its Return on Equity of 10.18%. This suggests that the company is achieving a good return on its investments and is able to generate positive returns for its shareholders. Jacobs Solutions Inc has established itself as a leader in the industry due to its commitment to providing customers with quality solutions and services.

Summary

Fluor Corporation is an engineering and construction company that provides services for the energy, chemicals and resources, and infrastructure markets. Recently, Commonwealth Equity Services LLC has decreased its stake in the company. The move reflects the challenges faced by the construction industry due to the global pandemic. In spite of this, the stock price has been resilient and moved up on the same day as the news announcement.

This shows investor confidence in the company’s ability to navigate through these uncertain times. Analysts are of the view that the company’s diverse portfolio, strong balance sheet, and long-term contract awards should help it to remain profitable and benefit from a recovery in the construction industry.